Apple shares fell nearly 6% in late trading Wednesday after Trump announced sweeping new tariffs, according to CNBC. Trump announced tariffs of nearly 50% on imported goods, triggering a broad tech selloff. Alphabet, Amazon, Microsoft, and Meta dropped more than 2%. President Trump announced a 10% tax on all imports and higher rates for China, Europe, and Japan based on their tariffs on U.S. goods. Trump called the new tariffs a “declaration of economic independence” and said the tariffs would boost domestic industry, open foreign markets, and lead to more competition and lower prices. For more coverage on tariffs and how they impact your portfolio, visit benzinga.com.
